First Community (NASDAQ:FCCO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of First Community Corporation (NASDAQ:FCCO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.75 and traded as high as $29.25. First Community shares last traded at $28.25, with a volume of 86,508 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FCCO shares. Hovde Group increased their target price on First Community from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of First Community in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, First Community currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

First Community Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $29.45 and a 200-day simple moving average of $28.75. The company has a market capitalization of $217.24 million, a P/E ratio of 11.44 and a beta of 0.38.

First Community (NASDAQ:FCCO) last posted its earnings results on Wednesday, January 28th. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $20.60 million for the quarter, compared to analyst estimates of $20.25 million. First Community had a net margin of 16.85% and a return on equity of 12.96%. Equities analysts forecast that First Community Corporation will post 2.28 EPS for the current year.

First Community Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th were paid a $0.16 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.3%. First Community’s payout ratio is 25.91%.

Institutional Investors Weigh In On First Community

Large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of First Community in the third quarter valued at about $26,000. CWM LLC bought a new position in shares of First Community in the third quarter worth about $31,000. BNP Paribas Financial Markets lifted its position in shares of First Community by 324.2% during the second quarter. BNP Paribas Financial Markets now owns 1,349 shares of the bank’s stock worth $33,000 after purchasing an additional 1,031 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of First Community by 116.2% during the third quarter. Federated Hermes Inc. now owns 1,405 shares of the bank’s stock worth $40,000 after purchasing an additional 755 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of First Community during the second quarter valued at approximately $41,000. 61.25% of the stock is currently owned by institutional investors.

About First Community

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.